The Hourly View for LLY
Currently, LLY (Get Ratings)’s price is up $1.34 (0.57%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Out of Pharmaceutical Products stocks, LLY ranks 61st in regards to today’s price percentage change.
LLY’s Technical Outlook on the Daily Chart
At the moment, LLY’s price is up $0.16 (0.07%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as LLY has now gone up 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows LLY’s price action over the past 90 days.
LLY: Daily RSI Analysis
For LLY News Traders
News traders keeping an eye on LLY may find value in this recent story:
A noticeable collection of put options remain in the open interest for JNJ and appear to be initiated as sell orders.
Want More Great Investing Ideas?